This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Diablo Technologies Expands Funding Round To $36 Million

OTTAWA, Canada, March 19, 2013 /PRNewswire/ -- Diablo Technologies, a proven innovator in memory system interface products, today announced that it has closed an additional $7.5 million of funding, increasing the total equity investment of its most recent funding round to $36 million. The oversubscription includes a new investment from U.S. Venture Partners and additional funding from existing investors. In conjunction with the new investment, USVP Partner Chris Rust joins Diablo's board of directors.

(Logo: http://photos.prnewswire.com/prnh/20121108/LA08460LOGO)

The additional funding will be used to support Diablo's upcoming launch of its groundbreaking Memory Channel Storageā„¢ (MCS) technology platform and provides the company with increased ability to market and distribute its disruptive technology across a broader set of applications. The soon-to-be-announced MCS products enable substantial improvements in transaction processing and data analysis within compute-servers, enterprise datacenters and cloud-computing facilities worldwide.

"As the Diablo team works aggressively to bring our innovative technology platform to market, it's great to have the additional vote of confidence from USVP that we are solving a very big problem and enabling the next big step of flash market deployment," said Riccardo Badalone, founder and Chief Executive Officer of Diablo Technologies. "We thank USVP for their contribution to the funding round. The added resources will help us introduce a truly innovative set of products, as well as continue to strengthen our board of directors with the addition of Chris."

"Behind the disruptive technology platform that Diablo is preparing to roll out is a great team of energetic and passionate people working to make Memory Channel Storage a reality for customers," said Rust. "I'm excited to have the opportunity to join in Diablo's funding round and am looking forward to working closely with Riccardo and the team as they expand their market scope and scale their business prospects to even greater heights."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs